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wcaseym (40.62)

Tug of War



April 16, 2010 – Comments (0)

The Wall Street Journal reports that your Congress is considering measures that would "improve transparency and reduce risk in the derivatives market." It is not surprising that there are obstacles to such reform. The Republicans oppose anything that might make the Democrats look good. The Big Banks oppose anything that might intrude upon their Privatize The Gains, Socialize The Losses (PGSL) business model and thus restrict their ability to take crazy risks to make obscene amounts of money. [....]

The Derivatives Shell Game


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